How To Calculate Socso Contribution

And the highest SOCSO deduction for employee is only RM1475. Annual Taxable Income After Relief. - The average assumed wage is calculated by averaging 6 months wages before the LOE date.

farmhouse table centerpiece decor extendable reclaimed oak dining table farmhouse entry table decor ideas farmhouse extendable dining table with bench farmhouse sofa table plans farmhouse style kitchen table round farmhouse console table with storage farmhouse kitchen table with drawers

How To Pay Socso Contribution

How To Calculate Socso Contribution

Socso Table 2019 For Payroll Malaysia Smart Touch Technology

Eis Malaysia Start Date

Socso Contribution Table Second Category

Your salary overtime payments commission allowances will be taken into account for the purposes of SOCSO contribution.

How to calculate socso contribution. Therefore the amount reflected on your payslip will not be exactly 02 percent of your salarywages gaji. When wages exceed RM100 but not RM140. Contributions to socso are divided into two categories as follows.

Your epf contribution your contribution towards epf is 12 of rs 25 000 which amounts to rs 3 000 each month. SOCSO contribution is different from EPF deduction and its based on the SOCSO table. When wages exceed RM70 but not RM100.

In case you are a new woman employee it is 8 of your basic salary for the first 3 years. How is the mode of payment and contribution to SOCSO determined. The rate of contribution under this category is 125 of the employees monthly wages payable by the employer based on the contribution schedule.

Calculate your epf socso. EIS is not under the SOCSOcategory and will be deducted separately. Do you know how to calculate it.

The actual contribution amount follows Section 18 Second Schedule of the Employment Insurance Act 2017 not the exact 02 percent calculation. Both the rates of contribution are based on. When wages exceed RM30 but not RM50.

Payroll Calculator can be define with a lot of meaning depending on the level on understanding of each person. You can refer to the EIS Contribution Table. - The total amount payable depends on the monthly contribution amount the number of monthly contributions and the type of benefits one is eligible for.